Nope, worse than that. Uber did have its butt kicked in China and surrendered last summer, having it's China operations purchased by Didi (the company that applied the foot to Uber's posterior). But the problem was everywhere: Uber lost 800 million in 3Q 2016 ex-China, 2.2 billion for the year. "Even in the U.S., Uber's home market, the company continues to lose money." They did manage to turn a profit in the US in 1Q2016 but lost 100 million in 2Q and the losses "increased" in 3Q, looking only at the US. Source: https://www.bloomberg.com/news/articles/2016-12-20/uber-s-lo...